Chevron has reported to have not found commercial hydrocarbons from the Kapana 1-X exploration well located on Block 2813B under Petroleum Exploration License 90 (PEL 90)
This comes after Shell's write down on PEL39.
Operated by Chevron-subsidiary Harmattan Energy Limited, PEL 90 also includes Custos Energy-subsidiary Trago Energy with a 10% interest.
Valuable geologic insights
Chevron, however, has acknowledged the data acquired from exploration operations as hopeful in terms of future programme on PEL 90. “The geologic insights and improved confidence in the future programme on PEL 90 from these operations provides strong support for continued progress and value in our portfolio in Namibia’s Orange Basin,” said Knowledge Katti, chairman and CEO of Custos.
“We look forward to the many opportunities ahead to further unveil the quality of our unmatched position in the heart of the Orange Basin including the future activity on PEL 90 and the ongoing activity on PEL 83”. added Robert Bose, CEO of Sintana Energy, which enjoys a 49% indirect interest in Custos Energy.
The Mopane 1X well testing operations on PEL83 showed significant oil columns containing light oil in high-quality reservoir sands at two different levels: AVO-1 and AVO-2.
No commercial discovery for Chevron from PEL90 well offshore Namibia
Kapana 1-X exploration well located on Block 2813B under PEL 90. (Image source: Sintana Energy)
